IIMB-CRE Matrix Commercial Property Rental Index for Offices (July 2025)

CRE Matrix, in collaboration with IIM Bangalore, is proud to present the 2nd Edition of the IIMB-CRE Matrix Commercial Property Rental Index (CPRI) Report – July 2025. This edition introduces the Pan-India Composite Index for Grade A/A+ offices, revealing a robust 6.6% CAGR in effective rentals over the past 3 years. IT Parks led the growth trajectory with a 7.4% CAGR, also representing the largest share (42%) of India’s Grade A/A+ office stock. Navi Mumbai topped city-wise growth with a 10.4% 3-Year CAGR, while Bengaluru continued to hold the highest Index Value despite a recent decline. Bengaluru’s Outer Ring Road stood out as the best-performing macro-market with a 5-Year CAGR of 7.5%, and CBD-Mumbai recorded the strongest annual rental spike at 17.6% YoY. Delhi maintained the highest Q-o-Q rental growth for two consecutive quarters.